Greenlane Renewables (TSE:GRN) Stock Price Up 2.2% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN) shares shot up 2.2% during mid-day trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.23. Approximately 322,725 shares changed hands during mid-day trading, an increase of 198% from the average daily volume of 108,213 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Stock Up 6.3%

The firm’s 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.23. The company has a market capitalization of C$40.70 million, a P/E ratio of -25.50, a PEG ratio of -555.67 and a beta of 3.75. The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.69.

Greenlane Renewables (TSE:GRN) last released its earnings results on Thursday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$9.54 million during the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%. Equities research analysts forecast that Greenlane Renewables Inc. will post 0.000286 EPS for the current year.

Greenlane Renewables Company Profile

Greenlane is driving change: accelerating the energy transition. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading global specialist in biogas desulfurization and upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years with more than 355 systems supplied into 28 countries. We transform biogas generated from organic waste into high-value grid-ready renewable natural gas (‘RNG’) from a wide range of sources such as landfills, sugar mills, dairy farms, wastewater, and food waste.